Kates Place
1929 Sansom St
Philadelphia, Philadelphia County, Pennsylvania 19103

Call (855) 598-3283, enter extension 45474, then hit #.

Request an Application

Funding Programs

Kates Place was developed and operates with Federal housing financing. The property utilizes 2 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit and HOME.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 2002 for $786,162 with a 10 year value of $7,861,620. The property was placed in service in 2004. 130 of 144 units at Kates Place are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

HOME Investment Partnership

The property was financed in part with financing through the Federal HOME Investment Partnership Program. 130 of the 144 total units at Kates Place are assisted under the HOME program. It received $1,500,000 ($11,538 per unit) in financing through the HOME program.

Overview

Kates Place is an affordable apartment community located in Philadelphia, Pennsylvania which is located in Philadelphia County. The property is located in Pennsylvania's 2nd Congressional District served by Representative Dwight Evans (D), Senator Patrick Toomey (R) and Senator Robert Casey (D).

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Pennsylvania's 2nd

Congressional District

130

Tax Credit Units

130

HOME Units

Find More in Philadelphia

Search Nearby Affordable Housing

Find More in Philadelphia County

Search Nearby Affordable Housing

Find More in Pennsylvania

Search Nearby Affordable Housing

† These counts are estimates based on the data available from HUD. Learn More About Our Data